U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest loss in a month, as comments from Russian President Vladimir Putin signaled the Ukraine crisis won’t immediately escalate.

U.S. stocks fell, snapping a streak of rallies on the first session of the year since 2009, as investors sold shares following the best annual gain since 1997. Treasuries and gold climbed, while oil prices tumbled.

U.S. stocks rose, sending the Standard & Poor’s 500 Index above its record close, as investors weighed the timing of any cuts to Federal Reserve monetary support amid budget negotiations in Washington.

While American workers struggle, investors are benefiting as expense reductions and record low borrowing costs drive profits and underpin a 167% advance in the S&P 500 over the past 57 months. To bulls, equities will keep rallying as long as the Fed remains more concerned about employment than inflation.